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Ukraine Drone Attack Hits Major Oil Refinery Deep Inside Russia
Ukraine’s military claimed another drone attack on an oil refinery in Russia in the early hours on T...
Australian Dollar trades near weekly high after RBA decision
AUD/USD trades moderately higher above the 0.7060 price region after the Reserve Bank of Australia (...
Crude Prices Sink as Traders Bet on More Iranian Oil
August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued to take out the extra price they had added earlier because they worried about possible supply proble ...
China’s Crude Imports Set to Hit Weakest Level Since 2016
Chinese crude oil imports this month are on course to book an even weaker month than May, according to Kpler data, which sees the daily average at just 6.4 million barrels, as cited by Bloomberg. Data ...
Hormuz Shipping Confidence Is Still Shaky
Traffic through the Strait of Hormuz has picked up over the past week but shipowners remain cautious about transiting, especially after the Thursday attack in the Gulf of Oman on a vessel that had jus ...
Qatar Offers First Crude Loadings to Buyers Since War Began
Qatar is tendering crude for loading outside the Strait of Hormuz in July and August, in what is likely the first Qatari crude offering to buyers since the Iran war began on February 28, trade sources ...
Qatar's LNG Recovery Picks Up Speed as Tankers Mass at Ras Laffan
As many as eight empty LNG carriers have arrived at the Ras Laffan hub in Qatar and are set to load on superchilled gas in the coming days, Bloomberg has reported. Another LNG carrier is approaching Q ...
Oil Heads for Weekly Loss as Hormuz Tanker Traffic Rebounds
Crude oil prices were on course for a sharp weekly loss amid multiple reports about a strong rebound in tanker traffic in the Strait of Hormuz. At the time of writing, Brent crude was trading at $73.7 ...
The $7 Trillion AI Boom Is Running Out of Power
Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, ...
Asia's Crude Buying Spree Is Running Out of Steam
Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi cr ...
Lithium Prices Tumble As Traders Brace For CATL Supply Surge
Lithium carbonate futures in China fell ~10% over two trading sessions, dropping to a 10-week low of approximately 157,000 yuan ($23,175) per tonne on Tuesday following market speculation that China’s ...
Gas Prices Are Falling. Your July 4 Fill-Up Still Won't Feel Cheap.
The good news is that gasoline prices have been falling for six straight weeks. The bad news? Americans are still heading into one of the most expensive Independence Day weekends they've ever seen. Ga ...
Kazakhstan Lands $12 Billion in EU Deals to Expand Energy and Trade Ties
Kazakh President Kassym-Jomart Tokayev’s visit to the EU’s headquarters in Brussels has yielded agreements and MoUs potentially valued at over 12 billion dollars. The key deal involves the purchase of ...
Russia Turns Asia’s Oil Shock Into an Indonesian Opening
Russia has emerged as one of the clearest commercial beneficiaries of the US-Israel war with Iran. Before March 2026, buying Russian crude was widely treated as a sanctions risk that only Chinese and, ...